{"id":449286,"date":"2021-03-03T07:03:17","date_gmt":"2021-03-03T12:03:17","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=449286"},"modified":"2021-03-03T07:03:17","modified_gmt":"2021-03-03T12:03:17","slug":"greenlane-acquires-eyce-the-worlds-leading-brand-of-silicone-smoking-products","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/greenlane-acquires-eyce-the-worlds-leading-brand-of-silicone-smoking-products\/","title":{"rendered":"Greenlane Acquires Eyce, The World\u2019s Leading Brand of Silicone Smoking Products"},"content":{"rendered":"

\nAdds one of its top performing partners to its Greenlane Brands Portfolio
\n<\/h2>\n
\n

BOCA RATON, Fla., March 03, 2021 (GLOBE NEWSWIRE) — Greenlane Holdings, Inc. (\u201cGreenlane\u201d or \u201cthe Company\u201d) (Nasdaq: GNLN), a global house of brands and one of the largest sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced it acquired the Eyce brand and substantially all of the assets of Eyce, a leading manufacturer of specialty silicone smoking products (\u201cthe Acquisition\u201d).<\/p>\n

\u201cEyce is the definitive leader in premium silicone smoking products and a trusted Greenlane partner for more than seven years. We are very excited to welcome them as the newest addition to our in-house family of brands,\u201d said Aaron LoCascio, Co-Founder and CEO of Greenlane. \u201cEyce\u2019s premium products and innovative designs set them apart and we are thrilled to be working with the highly experienced and talented Eyce team to accelerate growth in the Greenlane brands portfolio.\u201d<\/p>\n

Mr. LoCascio continued, \u201cThe Eyce acquisition represents the latest step in Greenlane\u2019s relentless focus to find and acquire the highest quality brands and platform extensions in the cannabis market to further drive our revenue growth and profitability and deliver value to our shareholders. We have carefully built a robust pipeline of targets and we intend to add additional brands to our portfolio in the near term as we continue to execute on this growth plan.\u201d<\/p>\n

Charlie Hoch, CEO of Eyce, added, \u201cGreenlane has been an incredible partner over the years and their platform has been instrumental in enabling us to rapidly launch products into the market and build scale. We are thrilled to be joining the team and continuing to work together to accelerate development of the innovative products our customers demand.\u201d<\/p>\n

The Acquisition is expected to be immediately accretive to Greenlane\u2019s revenue and earnings.<\/p>\n

\n About Eyce
<\/strong>Eyce is the leading manufacturer and product development company that specializes in silicone smoking products. Their ground-breaking and innovative product development and design work has made them a preferred choice around the world for those seeking superior experiences from reliable products. Eyce was founded in 2013 with their completely original Eyce Water Pipe Mold and since then has grown to create many other leading products in the counterculture industry.
<\/strong><\/p>\n

\n About Greenlane Holdings, Inc.<\/strong>\n <\/p>\n

Greenlane Holdings (NASDAQ: GNLN) is a global house of brands and one of the largest sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products to smoke shops, dispensaries, and specialty retail stores, as well as direct to consumer through its online e-commerce platform, vapor.com<\/u><\/a>. Founded in 2005, Greenlane serves more than 11,000 retail locations and has over 250 employees with operations in 13 cities across the United States, Canada, and Europe. With a strong global footprint, Greenlane has been the partner of choice for many of the industry\u2019s leading brands, who chose to leverage its strong distribution platform, unparalleled customer service, and highly efficient operations and logistics to accelerate their growth. Greenlane\u2019s curated portfolio of house brands includes packaging innovator Pollen Gear\u2122<\/u><\/a>, VIBES\u2122<\/u><\/a> rolling papers, Marley Natural\u2122<\/u><\/a> Accessories; K.Haring Glass Collection<\/u><\/a>, Aerospaced grinders and Higher Standards<\/u><\/a>, which offers both an upscale product line as well as an innovative retail experiences with flagship stores located in Chelsea Market, New York and Malibu, California.<\/p>\n

For additional information, please visit: https:\/\/gnln.com\/<\/u><\/a>.<\/p>\n

\n Forward Looking Statements<\/strong>\n <\/p>\n

Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statements. These forward-looking statements include, among others: comments relating to the current and future performance of the Company\u2019s business, including the impact of the Eyce acquisition on the Company\u2019s future revenue and earnings; the impact of the ongoing COVID-19 pandemic on the Company’s business; growth in demand for the Company\u2019s products; growth in the market for cannabis and nicotine; the Company\u2019s marketing and commercialization efforts; future acquisition activity; the possibility of post-closing contingent payment and the Company\u2019s financial outlook and expectations. For a description of factors that may cause the Company\u2019s actual results or performance to differ from its forward-looking statements, please review the information under the heading \u201cRisk Factors\u201d included in the Company’s most recent Annual Report on Form 10-K for the year ended December 31, 2019 and the Company’s other filings with the SEC, which are accessible on the SEC\u2019s website at www.sec.gov<\/u>. Additional information is also set forth in Greenlane’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to Greenlane on the date hereof. Greenlane undertakes no duty to update this information unless required by law.<\/p>\n

\n Media Contact:
<\/strong>MATTIO Communications
Greenlane@mattio.com<\/a><\/u><\/p>\n

\n Investor Contact:<\/strong>
\n
Rob Kelly
Investor Relations, MATTIO Communications
Greenlane@mattio.com<\/a><\/u>
1-416-992-4539<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Adds one of its top performing partners to its Greenlane Brands Portfolio BOCA RATON, Fla., March 03, 2021 (GLOBE NEWSWIRE) — Greenlane Holdings, Inc. (\u201cGreenlane\u201d or \u201cthe Company\u201d) (Nasdaq: GNLN), a global house of brands and one of the largest sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced it acquired the Eyce brand and substantially all of the assets of Eyce, a leading manufacturer of specialty silicone smoking products (\u201cthe Acquisition\u201d). \u201cEyce is the definitive leader in premium silicone smoking products and a trusted Greenlane partner for more than seven years. We are very excited to welcome them as the newest addition to our in-house family of brands,\u201d said Aaron LoCascio, Co-Founder and CEO of … <\/p>\n

Continue reading “Greenlane Acquires Eyce, The World\u2019s Leading Brand of Silicone Smoking Products”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-449286","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGreenlane Acquires Eyce, The World\u2019s Leading Brand of Silicone Smoking Products - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/greenlane-acquires-eyce-the-worlds-leading-brand-of-silicone-smoking-products\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greenlane Acquires Eyce, The World\u2019s Leading Brand of Silicone Smoking Products - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Adds one of its top performing partners to its Greenlane Brands Portfolio BOCA RATON, Fla., March 03, 2021 (GLOBE NEWSWIRE) — Greenlane Holdings, Inc. (\u201cGreenlane\u201d or \u201cthe Company\u201d) (Nasdaq: GNLN), a global house of brands and one of the largest sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced it acquired the Eyce brand and substantially all of the assets of Eyce, a leading manufacturer of specialty silicone smoking products (\u201cthe Acquisition\u201d). \u201cEyce is the definitive leader in premium silicone smoking products and a trusted Greenlane partner for more than seven years. 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